McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 51. |
NABARD (National Bank for Agriculture and Rural Development) was established in the? |
| A. | Fourth Five Year plan |
| B. | Fifth Five Year plan |
| C. | Sixth Five Year plan |
| D. | Eighth Five Year plan |
| Answer» C. Sixth Five Year plan | |
| 52. |
Which Indian state produces the largest quantity of pulses? |
| A. | Maharashtra |
| B. | Uttar Pradesh |
| C. | Madhya Pradesh |
| D. | Rajasthan |
| Answer» C. Madhya Pradesh | |
| 53. |
Which agency is responsible for procurement, distribution and storage of food grain production in India? |
| A. | Ministry of Agriculture |
| B. | Food Corporation of India |
| C. | C. NAFED |
| D. | TRIFED |
| Answer» B. Food Corporation of India | |
| 54. |
Who regulates the markets in agricultural products in India? |
| A. | Essential Commodities Act, 1955 |
| B. | Agricultural Produce Market Committee (APMC) Act enacted by States |
| C. | Agricultural Produce (Grading and Marking) Act, 1937 |
| D. | Food Products Order, 1956 and Meat and Food Products Order, 1973 |
| Answer» B. Agricultural Produce Market Committee (APMC) Act enacted by States | |
| 55. |
Which sector is the backbone of Indian economy? |
| A. | Service sector |
| B. | Financial Sector |
| C. | Tourism Sector |
| D. | Agriculture Sector |
| Answer» D. Agriculture Sector | |
| 56. |
Which among the following is not a cereal? |
| A. | Rice |
| B. | Wheat |
| C. | Gram |
| D. | Maize |
| Answer» C. Gram | |
| 57. |
Which among the following does not belong to welfare schemes for the farmers? |
| A. | Kisan Credit Card Scheme |
| B. | SHG (self-help group) Bank Linkage Programme |
| C. | National Agricultural Insurance Scheme |
| D. | Employee Referral Scheme |
| Answer» D. Employee Referral Scheme | |
| 58. |
When did the Government present Kisan Credit Card Scheme? |
| A. | April 1853 |
| B. | August 1998 |
| C. | July 1991 |
| D. | November 1995 |
| Answer» B. August 1998 | |
| 59. |
Which is the highest food grain producing Indian state, as per 2013-14? |
| A. | Madhya Pradesh |
| B. | Punjab |
| C. | Uttar Pradesh |
| D. | Maharashtra |
| Answer» C. Uttar Pradesh | |
| 60. |
Which is the highest Pulses producing Indian state, as per 2013-14? |
| A. | Madhya Pradesh |
| B. | Maharashtra |
| C. | Uttar Pradesh |
| D. | Rajasthan |
| Answer» A. Madhya Pradesh | |
| 61. |
Which Indian state has the largest irrigated agricultural area, as per 2010 survey? |
| A. | Gujarat |
| B. | Madhya Pradesh |
| C. | Rajasthan |
| D. | Uttar Pradesh |
| Answer» D. Uttar Pradesh | |
| 62. |
Which is the largest rice producing Indian state, as per 2013-14 records? |
| A. | Andhra Pradesh |
| B. | Uttar Pradesh |
| C. | West Bengal |
| D. | Punjab |
| Answer» C. West Bengal | |
| 63. |
Which is the largest jowar producing Indian state, as per 2011-12 records? |
| A. | Andhra Pradesh |
| B. | Karnataka |
| C. | Madhya Pradesh |
| D. | Maharashtra |
| Answer» D. Maharashtra | |
| 64. |
Which is the leading Indian state in cotton production, as per 2013-14 records? |
| A. | Andhra Pradesh |
| B. | Gujarat |
| C. | Maharashtra |
| D. | Tamil Nadu |
| Answer» B. Gujarat | |
| 65. |
Which is the leading Indian state in groundnut production, as per 2013-14 records? |
| A. | Andhra Pradesh |
| B. | Gujarat |
| C. | Tamil Nadu |
| D. | Karnataka |
| Answer» B. Gujarat | |
| 66. |
Which is the highest coconut producing Indian state, as per 2013-14 records? |
| A. | Karnataka |
| B. | Kerala |
| C. | Tamil Nadu |
| D. | Maharashtra |
| Answer» B. Kerala | |
| 67. |
The characteristic features of Indian Agriculture are: 1. Labour surplus economy 2. Structural unemployment 3. Large size of land holding 4. Traditional technology of production Which statements are correct? |
| A. | 1 and 2 |
| B. | 2 and 3 |
| C. | 1 and 4 |
| D. | 3 and 4 Ans: |
| Answer» C. 1 and 4 | |
| 68. |
The Apex institution in the spare of agriculture credit is: |
| A. | State Bank of India |
| B. | Reserve Bank of India |
| C. | Regional Rural of Bank |
| D. | NABARD |
| Answer» D. NABARD | |
| 69. |
As we know, a lot of people from underdeveloped states migrate to various progressive states as agricultural labour. What are the major problems of agriculture in India owing to which people have to leave their own land and work as laborer on somebody else’s farm/land? 1. Lack of irrigation facilities, low productivity of land and uncertain monsoon. 2. Non availability of fertilizers etc. on subsidized rates. 3. Single crop cultivation. Select the correct option |
| A. | Only 1 |
| B. | Only 2 |
| C. | Only 3 |
| D. | All the three Ans: |
| Answer» D. All the three Ans: | |
| 70. |
Marginal land holding is when, |
| A. | Owning less than one hectare of land |
| B. | Owning less than 4 hectares of land |
| C. | Owning less than 10 hectares of land |
| D. | All of them are true |
| Answer» A. Owning less than one hectare of land | |
| 71. |
Arrange in the right order the contribution of sectors to the GDP from highest to lowest. |
| A. | Agriculture, manufacturing, tertiary |
| B. | Agriculture, tertiary, manufacturing |
| C. | Tertiary, manufacturing, agriculture |
| D. | Manufacturing, tertiary, agriculture |
| Answer» C. Tertiary, manufacturing, agriculture | |
| 72. |
What are the real problems of the Indian agriculture? I. Dependence on Erratic Monsoon II. Low productivity III. Constraints of financial resources and indebtedness IV. Lack of land reforms V. Small land size and fragmentation of landholdings |
| A. | I, II, III and IV only |
| B. | II and IV only |
| C. | III and V only |
| D. | All |
| Answer» D. All | |
| 73. |
What as the prime target of the first five-year plan of India? |
| A. | Development of the industries |
| B. | Development of Agriculture |
| C. | Development of infrastructure |
| D. | Development of ports |
| Answer» B. Development of Agriculture | |
| 74. |
Approx. __ % of Indian population is still Agriculturist. |
| A. | 46% |
| B. | 50% |
| C. | 58% |
| D. | 64% |
| Answer» C. 58% | |
| 75. |
Contribution of agriculture to Gross National Product is approximately? |
| A. | 14% |
| B. | 15% |
| C. | 16.5% |
| D. | 17.5% |
| Answer» D. 17.5% | |
| 76. |
Which of the following is the commercial crop in India? |
| A. | Mustard |
| B. | tobacco |
| C. | Jute |
| D. | All of the above |
| Answer» D. All of the above | |
| 77. |
Who approves the Fair and Remunerative Price (FRP) of sugarcane? |
| A. | Cabinet Committee on Economic Affairs |
| B. | Commission for Agricultural Costs and Prices |
| C. | Directorate of Marketing and Inspection, Ministry of Agriculture |
| D. | Agricultural Produce Market Committee |
| Answer» A. Cabinet Committee on Economic Affairs | |
| 78. |
The Green Revolution in India was the outcome of the efforts of who amongst the following? |
| A. | M.S. Swaminathan |
| B. | C. Rangrajan |
| C. | K.V. Kamath |
| D. | Rakesh Mohan |
| Answer» A. M.S. Swaminathan | |
| 79. |
Consider the following statements and identify the right ones. i. The Industrial Policy of 1948 was the first industrial policy statement by the Government ii. It gave leading role to the private sector |
| A. | I only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» A. I only | |
| 80. |
Consider the following statements and identify the right ones. i. As per the 1948 policy, six industries were under the mixed sector ii. New units could be set up by the private sector |
| A. | i only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» A. i only | |
| 81. |
Which of the following was not an objective of the 1956 industrial policy? |
| A. | Development of cooperative sector |
| B. | Expansion of public sector |
| C. | Develop heavy and machine making industries |
| D. | None of the above |
| Answer» D. None of the above | |
| 82. |
Consider the following statements and identify the right ones. i. The 1980 industrial policy emphasized "economic federalism" ii. Liberal license policies were advocated for agro-based industries |
| A. | I only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» C. both | |
| 83. |
The most urgent problem which prompted the introduction of the New Economic Policy in 1991 was |
| A. | Foreign exchange crisis |
| B. | All of these |
| C. | Poor performance of public sector |
| D. | High tax rate leading to tax evasion |
| Answer» B. All of these | |
| 84. |
Which of the following industries are to be given compulsory licensing? |
| A. | Alcohol |
| B. | Tobacco |
| C. | Drugs and pharmaceuticals |
| D. | All the above |
| Answer» D. All the above | |
| 85. |
Which of the following industries was de-reserved in 1993? |
| A. | Atomic energy |
| B. | Atopic minerals |
| C. | Mining of copper and zinc |
| D. | Railways |
| Answer» C. Mining of copper and zinc | |
| 86. |
Which of the following is not a Maha-Ratna industry? |
| A. | GAIL |
| B. | Coal India Limited |
| C. | SAIL |
| D. | Airports Authority of India |
| Answer» D. Airports Authority of India | |
| 87. |
Which of the following is a nav Ratna category unit? |
| A. | HAL |
| B. | Oil India Limited |
| C. | MTNL |
| D. | All the above |
| Answer» D. All the above | |
| 88. |
Consider the following statements and identify the right ones. i. The new manufacturing policy aims to create 100 million jobs and increase share of manufacturing sector in the GDP ii. A special purpose vehicle is created to develop infrastructure on PPP mode |
| A. | I only |
| B. | ii only |
| C. | both |
| D. | none |
| Answer» C. both | |
| 89. |
Which of the following statements is correct? |
| A. | The public sector was given a dominant position in the newly Independent India |
| B. | The foreign trade policy post-Independence allowed free trade of all goods and services. |
| C. | Monetary policy post-Independence sought to keep the CRR at a very low level. |
| D. | None of the above. |
| Answer» A. The public sector was given a dominant position in the newly Independent India | |
| 90. |
All of the following developments were noticed during 1991 (when economic reforms were enforced) except one. Identify it. |
| A. | National debt was nearly 60 per cent of the GNP of Indi(a) |
| B. | Inflation crossed double digits. |
| C. | Foreign reserves were maintained at a very high level. |
| D. | None of the above. |
| Answer» C. Foreign reserves were maintained at a very high level. | |
| 91. |
At present only __________ industries are reserved for the public sector. |
| A. | 5 |
| B. | 7 |
| C. | 8 |
| D. | 3 |
| Answer» D. 3 | |
| 92. |
At present there are only _________ industries for which licensing are compulsory. |
| A. | 18 |
| B. | 3 |
| C. | 10 |
| D. | 9 |
| Answer» B. 3 | |
| 93. |
At present, in which sector 100 per cent FDI is allowed in India? |
| A. | Defense |
| B. | Drugs and pharmaceuticals |
| C. | Banks |
| D. | Insurance |
| Answer» B. Drugs and pharmaceuticals | |
| 94. |
As a result of the New Industrial Policy, 1991: |
| A. | Prior approval of central government is required for establishing new undertakings, and expanding the present undertaking. |
| B. | An industry intending to have more than 100 crores of assets is required to obtain the permission of the central government. |
| C. | Prior approval of central government for establishing new undertakings and expanding existing undertaking is not requir |
| Answer» C. Prior approval of central government for establishing new undertakings and expanding existing undertaking is not requir | |
| 95. |
Which of the following is also known as International Bank for Reconstruction and Development? |
| A. | IMF |
| B. | RBI |
| C. | WTO |
| D. | World Bank |
| Answer» D. World Bank | |
| 96. |
In which among the following year was ‘liberalized industrial policy’ in India was announced for the first time? |
| A. | 1992 |
| B. | 1995 |
| C. | 1991 |
| D. | 1996 |
| Answer» C. 1991 | |
| 97. |
Increase in aggregate output of goods and services |
| A. | Economic development |
| B. | Economic planning |
| C. | Economic growth |
| D. | Economy |
| Answer» C. Economic growth | |
| 98. |
The economic reforms were intended to take the Indian economy into three specific directions which are |
| A. | LPG |
| B. | DPG |
| C. | LDG |
| D. | DLP |
| Answer» A. LPG | |
| 99. |
LPG stands for |
| A. | Liberalisation, Privatisation, Globalisation |
| B. | Liberalisation, Performance, Globalisation |
| C. | Liberalisation, Privatisation, Growth |
| D. | Liberalisation, Performance, Growth |
| Answer» A. Liberalisation, Privatisation, Globalisation | |
| 100. |
Under the industrial policy of 1991, the number of industries reserved for the public sector have been reduced from 17 to |
| A. | 8 |
| B. | 6 |
| C. | 3 |
| D. | 5 |
| Answer» A. 8 | |
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